Trade Setup: LONG on TSM !

232
📈 (Taiwan Semiconductor)
🕰️ Timeframe: 30-minute chart
🔍 Pattern: Ascending triangle breakout
📉 Previous Trend: Recovery after drop
🔁 Setup: Bullish continuation with breakout confirmation

🧩 Technical Breakdown:
Support Zone:

~$242.50 (yellow horizontal support)

Uptrend line holding as dynamic support (pink diagonal)

Entry Zone:

Around $242.75, just above triangle breakout and support retest

Resistance / Target Levels:

TP1: $244.07 (red zone — minor supply)

TP2: $245.43 (green zone — prior high, resistance zone)

Stop Loss:

Below $241.80 or just under triangle trendline (~$241.25)

Risk-Reward Estimate:

Approximately 1:1.5 to 1:2 based on $1.5 risk and $3 reward potential

⚠️ What to Watch:
Volume confirmation during breakout or retest

Holding above yellow support zone and triangle trendline

Potential fake-out risk near $244 zone if volume fades

✅ Summary:
TSM is setting up a bullish continuation after reclaiming key levels and forming a tight ascending triangle. A clean breakout above $243 may trigger a move toward $245+ if buyers step in.

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